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Author Topic: The REAL reason price went down and why it will go up  (Read 4211 times)
jojkaart
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November 12, 2011, 02:57:13 PM
 #41

The number of transactions is trivial to manipulate. That is why the measure of Bitcoindays Destroyed was introduced; at least that one can't be manipulated by an order of magnitude easily.

Yes, you're right. However, Bitcoindays Destroyed seems harder to use for this kind of analysis. It seems reasonably easy to add some filtering that limits the effect a single person can have on the graph to the percentage of bitcoins they own.
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November 14, 2011, 12:48:30 AM
 #42

Isn't Bitcoindays Destroyed exactly that filter, and also pretty much the only one we have?

Feel free to construct a different one, but the raw graph is useless. People can and do manipulate it for fun for as long as I know Bitcoin.
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